insurance

What is a blanket medical expense policy?

 

What is a blanket medical expense policy?

The Bankrate.com financial term of the day is: "blanket medical expense policy."

When you're injured or become seriously ill, you don't want to worry that your health insurance might not go far enough and leave you responsible for some of your own medical bills. A blanket medical expense policy can allay these concerns. It pays all medical expenses on a claim up to a certain ceiling amount, with no limits on services or procedures.

If you want health insurance with coverage that will wrap up all of your medical bills -- up to a point -- then you want a blanket medical expense policy.

To shop for insurance to fit your family's needs, visit the Insurance section at Bankrate.com.

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